Deadline is near, more than 90% of corporate bonds still refuse to be listed on the stock exchange

10/02/2023 13:02 Nhat Linh Print article

ANTD.VN - It is expected that 3 months from the date the Private Corporate Bond Trading System goes into operation (October 17), there will be about 1,300 bond codes listed on the exchange, but up to this point, there are only 117 codes, far from the set schedule.

According to data from the Hanoi Stock Exchange (HNX), by the end of September, only 117 bond codes had been registered for trading on the Private Corporate Bond Trading System. This number is still too small compared to the set target.

Previously, at the time of operating the Exchange, HNX leaders said that it was expected to list about 1,300 bond codes on the floor within 3 months from when the individual corporate bond trading system came into operation (from July 19, 2023).

Thus, the number of corporate bonds registered for trading on the new floor is only about 9% of the target.

Hệ thống giao dịch trái phiếu doanh nghiệp riêng lẻ vẫn trầm lắng ảnh 1

The trading system of individual corporate bonds remains quiet.

Regarding transaction results, up to now, the Individual Corporate Bond Trading System has recorded more than VND 20,000 billion worth of bonds from 11 enterprises being traded.

In particular, Vinfast Production and Trading Joint Stock Company led with 6,375 billion VND traded, Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank) 5,882 billion VND, Vietnam Joint Stock Commercial Bank for Investment and Development ( BIDV ) 3,803 billion VND, Luxury Living Furniture Trading Company Limited 2,624 billion VND.

In addition, there are Nam Long Investment Joint Stock Company, Vinhomes Joint Stock Company, Techcom Securities, Masan Group Joint Stock Company...

According to the HNX leader, issuing enterprises need to speed up the progress of listing bonds on the System, because if they are slow, they will not be able to trade outside the floor (currently, trading is mainly based on private purchase and sale agreements between investors).

To keep up with the schedule, this depends largely on the issuing organization. The depository unit, HNX is responsible for providing resources to process listing dossiers quickly and in accordance with regulations.

If the issuer does not promptly carry out the registration, it is easy for the files to pile up near the end of the period, putting pressure on the processing.

According to the provisions of Clause 3, Article 18, Decree No. 156 also clearly stipulates sanctions for acts of not registering transactions or listing or registering transactions or listing not on time.

In particular, the fine can be up to 400 million VND for the act of registering transactions and listing securities after the deadline of more than 12 months or not registering transactions and listing securities.

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